Discretionary fiscal policy involves changes in government spending and taxes at the option of the Blank______.Multiple choice question.president aloneFederal Reserve BankU.S. Treasurypresident and Congress

Discretionary fiscal policy action is often taken on the advice of which group?Multiple choice question.Federal Reserve BankEconomic Advisory PanelCouncil of Economic AdvisersBureau of Economic Leaders

When the Federal Reserve buys and sells government bonds it is Blank______.Multiple choice question.setting fiscal policyengaging in open market operationssetting the reserve requirementaltering the discount rate

If the economy starts out with a balanced federal budget, a subsequent expansionary fiscal policy will create a Blank______.Multiple choice question.budget deficitbudget surpluslower tax ratelower inflation rate

Select all that applyDiscretionary fiscal policy consists of deliberate changes in government spending and taxation designed to do which of the following?Multiple select question.Adjust the money supplyEncourage economic growthControl inflationManage the interest rateAchieve full employment

Discretionary fiscal policy refers toMultiple Choicethe authority that the president has to change personal income tax rates.intentional changes in taxes and government expenditures made by Congress to stabilize the economy.the changes in taxes and transfers that occur as GDP changes.any change in government spending or taxes that destabilizes the economy.